Where would the Icelandic banks be without the Icelandic taxpayers? Maybe having to renegotiate with their customers like BoA. I had a run in with one of the government’s chief advisers on the household debt issue. He told the truth, plain and simple and I don’t know why Arni Pall Arnason doesn’t just come out and say [...]

Iceland’s government said on Wednesday an evaluation of the assets and liabilities of its failed banks would be submitted to its market authority and main creditors within two days, with a deal expected by late May. From Reuters

Islandsbanki, formerly Glitnir were the first to confuse themselves with a being a public bank when they announced that they were offering those with currency loans solutions the day before the government announced such initiatives. Landsbankinn is now running an ad campaign offering home-loans free of price-indexation, a novelty that Icelandic households have been crying [...]